- Volume 10 (2011), Issue 2
- Vol. 10 (2011), No. 2
- >
- Pages 225 - 236
- pp. 225 - 236
State Aid in the Airline Sector: a Change in Focus
I. Introduction The airline industry is by its very nature highly exposed to the volatility of the market. Lower barriers to entry for new airlines together with pricing freedom arising from the deregulation of the air transport market have produced far greater competition than before deregulation. Fares have dropped significantly with low cost carriers often taking market share by offering highly reduced rates that full service airlines struggle to m